Big AI wants to slow down AI research. Is it a safety pause or a strategic retreat? 
Banking scandal rocks Brazil’s politics and the country’s presidential election in October 
AI is supercharging money scams – here’s what you can do to protect yourself 
What is Zionism? The different meanings of a contested term 
‘Buy now, pay later’ doesn’t feel like debt. For young people, that can be a big problem 
Goldman Sachs Forecasts Fed Rate Hike as Inflation Risks Rise 
Europe can’t achieve space sovereignty alone. Here’s why 
Synthetic data could ease people’s concerns about privacy breaches. But who gets to create it? 
Who should own the knowledge that underpins AI technology? 
China’s robots can run faster than Usain Bolt – now they are being prepared for war 
Gold Slides to $4,262 as Hawkish Fed Rate Hike Triggers Technical Breakdown 
Add as a preferred source on Google
Chinese stock melt down is causing massive headwinds for commodities across globe, which in turn likely to add downside pressure to commodity currencies.
Benchmark iron ore (62% content), which is major ingredient for steel making industry dropped 11% today. Today's drop is largest on record. Price dropped $5.6/ton to six year low at $44.1 per ton.
In last two weeks commodities as a whole has lost almost 25% of their values.
As of now, supply remains ample compared to demand.
Price drop in Iron ore is extremely troublesome for Aussie as it stands as the major export of the country.
Iron ore constitutes of 20% of Australian exports and revenue from it presents 4-5% of Australia's GDP.
Aussie this week has cleared a major support around 0.75 against dollar.
Trade idea -
- Sell Aussie against dollar targeting 0.715 as initial target, 0.70 as second one and 0.65 as final target. Stop loss should be maintained around 0.775 and 0.82 area.
